– UK, London – Standard Chartered PLC (LON:STAN) today announced changes to its Board:
Carlson Tong is to be appointed an independent non-executive director with effect from 21 February 2019. Carlson will also join the Board Audit, Board Risk and Board Financial Crime Risk Committees.
Dr Han Seung-soo, an independent non-executive director since January 2010 and a member of the Brand, Values and Conduct Committee has decided to retire from the Board with effect from 23 February 2019 after serving nine years on the Board.
Mr Om Bhatt, an independent non-executive director since January 2013 and a member of the Board Risk and Brand, Values and Conduct Committee will step down from the Board with effect from 23 February 2019 after serving six years on the Board and given his inability to travel for some time hence.
José Viñals, Group Chairman said: “Carlson has a deep understanding and knowledge of operating across mainland China, Hong Kong and the wider Asia Pacific region as well as an acute awareness of the financial services sector, the regulatory framework and the sensitivities and relationships in some of our key markets. I am delighted to welcome Carlson to Standard Chartered and look forward to his contribution in Board and committee discussions.
On behalf of the Board I would like to thank Dr Han Seung-soo for his substantial contributions to the Group over the past nine years, as well as his considerable insight into Asia, particularly Korea. We wish Dr Han Seung-soo all the very best for the future. I would also like to thank Om Bhatt for his important contribution to the Group over the past six years, in particular his insight into banking and India. We wish him well for the future.”
About Carlson Tong
Carlson spent over 30 years at KPMG, where he was elected Chairman of KPMG China and Hong Kong in 2007, becoming Asia Pacific Chairman and a member of the global board and global executive team in 2009, before retiring in 2011. While at KPMG he was actively involved in the work of the securities and futures markets, serving as a member of the Main Board and Growth Enterprise Market Listing Committee of the Stock Exchange of Hong Kong from 2002 to 2006 and as its Chairman from 2004 to 2006.
Carlson was appointed a non-executive director of the Securities and Futures Commission in 2011, becoming its Chairman in 2012 until he stepped down in October 2018. During his chairmanship, he oversaw the introduction of the Hong Kong and Shanghai/Shenzhen stock connect and the mutual recognition of funds between the mainland and Hong Kong. Carlson sits on a number of Hong Kong SAR government and statutory bodies, including as a non-executive director of the Airport Authority of Hong Kong, Chairman of the University Grants Committee and member of the Exchange Fund Advisory Committee.
For more information : https://www.sc.com/en
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